Active Listing  ·  13 days on market

82 Island Dr #8202

Horseshoe Bay, TX 78657
$819,500
3 Bed 2 Bath 1,672 sqft $490/sqft Built 2025 2-Car Garage Pool 13239 Horseshoe Bay

NEW CONSTRUCTION | BUILT IN 2025 | FULLY FURNISHED | TURNKEY INVESTMENT!

Welcome to The Waters at Horseshoe Bay Resort! Built in 2025, this beautifully appointed 3-bedroom, 2-bathroom condo offers 1,672 square feet of modern, resort-style living on beautiful Lake LBJ. Offered fully furnished with stylish finishes, this turnkey property is ready for you to enjoy from day one!

The inviting open-concept floor plan features wood flooring, a spacious kitchen island, a walk-in closet, and a private balcony. Enjoy marina and water views, lake privileges, and two covered parking spaces.

The perfect place for family holidays and unforgettable memories! Horseshoe Bay Resort offers a variety of family-friendly activities, seasonal holiday celebrations, and recreational opportunities throughout the year. Enjoy boating, golf, resort dining, pools, spa experiences, and fun activities for the whole family.

Whether you're looking for a weekend getaway, a holiday retreat, a full-time residence, or an investment property, this condo offers the flexibility to enjoy it yourself while taking advantage of its rental income potential.

Enjoy the convenience of a fully furnished, low-maintenance property in a desirable resort setting, with access to the Horseshoe Bay lifestyle and the beauty of the Texas Hill Country.

NEW CONSTRUCTION. FULLY FURNISHED. RESORT LIFESTYLE. RENTAL INCOME POTENTIAL.

Don't miss your opportunity to own a turnkey retreat at The Waters at Horseshoe Bay Resort!

At $490/sqft, this home is priced 5% above the Horseshoe Bay active market average of $468/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

82 Island Dr #8202, Horseshoe Bay, TX 78657

Property Details

Price $819,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,672 sqft
Lot Size ,
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 13239 Horseshoe Bay
County Llano
Zip Code 78657
$/sqft $490/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249563768
List Date October 11, 2026
Elementary School Packsaddle
Middle School Llano
High School Llano
School District ,

Luke Allen (TREC #788149) has deep knowledge of Horseshoe Bay and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · October 11, 2026 $820,000
Current ask $819,500
▼ Reduced $500 (-0.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Horseshoe Bay

Comparable Listings Right Now

Homes currently for sale in Horseshoe Bay with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
82 Island Dr #8204
The Waters
$759,900 $449 3 bd / 2 ba 1,691 sqft , 2026-09-07
1216 Hi Circle N None
Horseshoe Bay
$749,900 $341 3 bd / 2 ba 2,200 sqft , 2026-01-21
1001 The Cape None #44
The Waters (HSB)
$899,000 $561 3 bd / 2 ba 1,602 sqft , 2026-03-23
101 West Bank None #33
The Waters At Horseshoe Bay Re
$689,000 $430 3 bd / 2 ba 1,602 sqft , 2026-06-30
101 West Bank Dr #23
The Waters At Horseshoe Bay Re
$650,000 $397 3 bd / 2 ba 1,637 sqft , 2026-10-16

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,934/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$163,900
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,934
Principal + Interest−$4,472
Property Tax (~2.1% TX avg)−$1,434
Insurance (~0.5%)−$341
Est. Monthly Cash Flow $-2,313

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Horseshoe Bay, TX

Horseshoe Bay sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →